DLF Ltd, India’s largest real estate developer by market capitalization, increased Chairman Rajiv Singh’s total remuneration by 20% to ₹44.06 crore for the 2025–26 fiscal year, according to the company’s latest annual report. His compensation stood at ₹36.65 crore in FY25.
The growth was heavily driven by a performance-linked commission structure, which accounted for ₹41.74 crore of his total pay package. DLF structures its executive compensation around a fixed base salary alongside quantitative and qualitative corporate milestones.
Executive Remuneration Shifts
Other top leadership figures at the realty major also saw increases in their annual compensation packages:
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Devinder Singh (Managing Director): Remuneration climbed 24% to ₹17.52 crore, up from ₹14.16 crore in FY25. His package included a ₹7.68 crore commission component.
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Ashok Kumar Tyagi (Managing Director): Remuneration rose 8% to ₹15.30 crore against ₹14.16 crore in the previous fiscal, featuring a ₹5.45 crore commission. Both Tyagi and Devinder Singh have served as co-MDs since August 2023.
FY26 Financial and Operational Performance
The executive pay raises coincided with steady financial growth, though operational sales bookings dipped slightly off high historic bases:
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Net Profit: Consolidated net profit rose marginally to ₹4,414.68 crore in FY26, up from ₹4,366.82 crore in FY25.
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Total Income: Income expanded to ₹9,816.04 crore, compared to ₹8,995.89 crore in the preceding fiscal.
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Sales Bookings: Contracted sales softened by 5% to ₹20,143 crore from the record-setting ₹21,223 crore achieved in FY25.
In his annual message, Chairman Rajiv Singh maintained an optimistic outlook on India’s macroeconomic fundamentals and ongoing urban transformation. Moving forward, the group is looking to leverage its pipeline, which includes 280 million square feet of development potential across its residential sales and commercial leasing (annuity) portfolios.
